406 N Mount Shasta Blvd - Bar FOR SALE


Mount Shasta, CA 96067
$650,000 USD
530-408-0199
406 N Mount Shasta Blvd, Mount Shasta, CA for Sale
$650,000 USD
Bar - FOR SALE
1/13
null | Request Cap Rate

406 N Mount Shasta Blvd
Mount Shasta, CA 96067


HIGHLIGHTS

  • Real property, operating business, and two ABC licences in one transaction
  • Mt. Shasta's oldest bar, trading on the main retail street since 1896
  • ABC Type 48 — quota-limited and rarely available in Siskiyou County
  • C-1 zoning permits residential above commercial
  • Owner-user opportunity
  • Type 58 caterer's permit extends the licence to off-site events

OVERVIEW

Offered exclusively through Travis Majick of Jefferson State Realty. Watson's Vet's Club is offered together with the building it has traded from since 1896. The sale includes the operating business, the real property, and both ABC licenses, sold to a single owner. The property sits mid-block on N Mt. Shasta Boulevard, the town's principal retail street, one block from the Interstate 5 interchange. Approximately 3,850 square feet over two stories, stone base and stuccoed second floor, with 25 feet of frontage. The neon over the back bar reads "Mt. Shasta's Oldest Bar." Both licenses convey. The ABC Type 48 is an on-sale general license for public premises, the most flexible on-sale license California issues, with no requirement to serve food and no kitchen obligation. Type 48 licenses are quota-limited by county population, and in a county of roughly 43,600 people they rarely become available. The Type 58 caterer's permit allows the licensee to sell and serve alcohol at approved events away from the premises, such as catering events. The ground floor trades as a fully fixtured bar with an established weekly event schedule and repeat local business. Above it, approximately 1,700 square feet holds a finished private club room with its own bar, a fireplace, and seating, plus additional rooms and a full bath. That floor is not separately let today. C-1 zoning permits residential within a commercial building, and what a buyer makes of the space is theirs. Because the buyer owns the building, there is no rent and no landlord — normally a bar's largest controllable cost. Mount Shasta draws visitors year-round to a 14,179-foot peak, the ski park, the McCloud River falls, Lake Siskiyou, and the Pacific Crest Trail. Tourism is the largest contributor to the local economy, and that traffic is what lifts this business above what 3,182 residents alone would support. Delivered free and clear through escrow. Financial detail is released on execution of a confidentiality agreement. Property tours arranged outside trading hours. Please do not contact the business, its staff, or its vendors directly. Contact Travis Majick, Jefferson State Realty, (530) 408-0199. All information is approximate, is supplied by the owner, and has not been verified by Jefferson State Realty. Square footage is an estimate and not a measured survey. Buyers must independently verify all matters.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$351 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1896

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

C-1

APN/PARCEL ID

057-191-070

ASK ABOUT THIS PROPERTY

Travis MajickJefferson State RealtyMore Info
530-408-0199

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Travis MajickJefferson State RealtyMore Info
530-408-0199

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.